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Waterfront Property in Riverhead

849-853 W Main St, Riverhead, NY 11901

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For Sale

$799,999

2,892 sq. ft. waterfront property with redevelopment potential.

Type:Commercial

Property size:

2,892 SF

Price / SF:

$276/SF

HighLights

Waterfront property on the Peconic River in downtown Riverhead.
Approximately 2,892 sq. ft. structure suitable for renovation or redevelopment.
Located next to Suffolk County Parkland, offering privacy and natural surroundings.
Opportunity for commercial, mixed‑use, or adaptive reuse (subject to approvals).
Significant upside potential for investors, builders, or entrepreneurs.
Located in a growing and revitalizing downtown corridor.

We can help!

Listing Contact

Gina Marie Bettenhauser CBR GRI CR

Learn more

For Sale

$799,999

2,892 sq. ft. waterfront property with redevelopment potential.

Type:Commercial

Property size:

2,892 SF

Price / SF:

$276/SF

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 7:53 pm

Property Features for 849-853 W Main St

General Information

Standard status: Active
Size: 2,892 SF
Property subtype: Commercial

Building Details

Year Built: 1958

We can help!

Listing Contact

Gina Marie Bettenhauser CBR GRI CR

Listing agent Gina Marie Bettenhauser CBR GRI CR

Listing office

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Gina Marie Bettenhauser CBR GRI CR

HighLights

Waterfront property on the Peconic River in downtown Riverhead.
Approximately 2,892 sq. ft. structure suitable for renovation or redevelopment.
Located next to Suffolk County Parkland, offering privacy and natural surroundings.
Opportunity for commercial, mixed‑use, or adaptive reuse (subject to approvals).
Significant upside potential for investors, builders, or entrepreneurs.
Located in a growing and revitalizing downtown corridor.

Overview

Located in the heart of Riverhead along the Peconic River, this property offers an opportunity for investors, builders, or entrepreneurs. The approximately 2,892 sq. ft. structure, previously used as a fish market, has potential for redevelopment. Positioned next to Suffolk County Parkland, the property provides privacy and visibility in a revitalizing downtown corridor. The existing structure is in abandoned condition and requires renovation or redevelopment, making it suitable for a new project. The location and footprint can accommodate a boutique commercial space, a mixed-use concept, or creative adaptive reuse, subject to approvals. The property has a bike score of 47, indicating it is somewhat bikeable, and a walk score of 49, indicating car-dependence.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$86.8k	$30.00
− Vacancy	−$6.0k	−$2.07
EGI	$80.8k	$27.93
− OpEx	−$24.2k	−$8.38
NOI	$56.5k	$19.55

2,892 SF · lease $30.00/SF/yr · vacancy 6.90% · expense 30.00%

Alternative Uses

Best Use

Retail

$807.7K

$706.8K – $942.4K (±1% cap)

NOI $56,541 @ 7.0% cap · market cap 7.07%

Second Best

—

no second resolved use

Theoretical Best

Office A

$881.0K

$770.9K – $1.03M (±1% cap)

NOI $61,673 @ 7.0% cap · market cap 7.71%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

Map
Local Demand

City: Riverhead
County: Suffolk
State: New York
Longitude: -72.6776589
Latitude: 40.9176072

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For sale
Storefront properties
NY
Riverhead
11901
849-853 W Main St

What type of property is this?

Storefront property - 2,892 sq. ft. waterfront property with redevelopment potential.

Where is this storefront property located?

The property is located at 849-853 W Main St Riverhead, NY.

What is the asking price?

The asking price for this property is $799,999.

What are key features of this property?

This property features: Waterfront property on the Peconic River in downtown Riverhead.; Approximately 2,892 sq. ft. structure suitable for renovation or redevelopment.; Located next to Suffolk County Parkland, offering privacy and natural surroundings.